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Profit arising to a German Co. from high sea sale of equipment to Indian Customer isn’t taxable in India

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  • Profit arising to a German Co. from high sea sale of equipment to Indian Customer isn’t taxable in India
Posted onon July 22, 2015

Tenet Tax Daily July 14 2015

By tenettax-team
Corporate Tax, International Tax

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JV wasn’t taxable as AOP as it was only formed to secure contract and entire work was split up between JV partners
No reassessment to disallow sec. 10A relief if all material facts for claiming relief were disclosed in assessment

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